A Real Estate Agent is an integral part of any property transaction, be it buying, selling or renting. In fact in cities like Mumbai, a property transaction cannot be completed without Real Estate Agent. One of the reason is the lack of trust factor between the buyer and the seller. Rarely i found a case in which property transaction is closed directly by the buyer and a seller or rented. Hiring a Real Estate Agent has its own advantages and disadvantages. In my personal opinion, it is advisable to route a transaction be it sale/purchase or renting through Real Estate Agent. I do agree that ... Read More
5 Questions a Buyer Must Ask a Seller
As we know that while buying a property entire risk rests with the buyer. It is imperative for buyer to ask a seller few imp points. In this post we will discuss 5 such questions which a Buyer Must Ask a Seller before buying a property. In India, most of the property deals are closed through Real Estate Agents or Brokers. Normally Brokers don't allow buyer and a seller to discuss the nitty gritty of the deal. All the communication is through Real Estate Agent which might create confusion at later stage. I have observed that Real Estate Agents usually favor the seller therefore the interests of ... Read More
Property Negotiations – Avoid These 5 Mistakes
Property Negotiation is an ART and is normally misunderstood as only price negotiation. Reason being, any property purchase decision mostly revolve around "Value of the Property". Property purchase is overall deal which require negotiations on Legal, Compliance's, Property Maintenance, Amenities, Taxation, Payment Terms and of-course most important among all is "Price of the Property". In my earlier post on How to Negotiate Property Deals, i discussed mainly price negotiations. This post is focused on Property Negotiations. Let's take example of one of my client Mr. Sathish from Hyderabad. He ... Read More